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Digital health has been evolving rapidly in recent years, with many medical technology companies realizing that the benefits of connected patient care and remote patient monitoring are of great value to both patients and physicians. Digital health could allow patients greater access to their own health information and could offer physicians more information to make […]
FDA’s final rule on LDTs raises concerns about innovation in personalized medicine, says GlobalData
With the FDA’s final rule on laboratory developed tests’ (LDT) first stage coming closer, clinical laboratories, manufacturers, and patients have voiced their concern over how this will impact the diagnostic industry in the US. The final rule, which is scheduled for 6 May 2025, raises concerns about innovation in personalized medicine, as it imposes new […]
Diabetes Awareness Month shines light on prevention and treatment options, says GlobalData
Diabetes Awareness Month, observed every November, is dedicated to raising awareness about diabetes, promoting education, and advocating for improved care and support for those affected by the condition. This month-long campaign seeks to improve public understanding of diabetes, address common misconceptions, and reduce the stigma often associated with the condition. It also provides a platform […]
Future of IVD hinges on three big industry themes, says GlobalData
In vitro diagnostics (IVD) is driving a new age shift in healthcare, fueled by advances in medical technology (medtech). These innovations are revolutionizing how diseases are detected, monitored, and managed. At the recent AdvaMed’s MedTech Conference in Toronto, digital and artificial intelligence (AI) integration, point-of-care (POC) testing, and novel biomarkers were emphasized as important tools […]
China’s medtech market growth to exceed global average over 2023-33 despite headwinds, says GlobalData
Prominent medical technology market experts who gathered at the MedTech Conference 2024, which was held recently in Toronto, Canada, expressed an optimistic outlook for the future of the medical devices market in China. While the global medical devices market is forecast to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to […]
World Stroke Day: Expanding treatment eligibility and access essential to improve stroke outcomes, says GlobalData
World Stroke Day, which is observed on October 29 annually, highlights the urgent need for improved stroke care and prevention. Stroke, a leading cause of death and long-term disability, affects millions each year, with only a small percentage making a full recovery. Improved public awareness, advancements in imaging technology, and treatment innovations such as thrombectomy, […]
AI integration in medtech could unlock efficiency and enhance patient care, says GlobalData
At the 2024 MedTech Conference in Toronto, Canada, a central theme emerged in discussions on the future of healthcare delivery: the integration of artificial intelligence (AI) to optimize operations and improve patient outcomes. The integration of AI is poised to transform how healthcare professionals work, potentially alleviating physician burnout and creating a more patient-centric experience, […]
Olympic medallist Fitzpatrick’s journey with atrial fibrillation showcases medtech’s role in sports cardiology, says GlobalData
The 2024 MedTech Conference in Toronto, Canada, featured a compelling patient story from Olympic medallist Connor Fitzpatrick, who recounted his battle with atrial fibrillation (AFib) as a young and highly athletic individual. Involving a permanent treatment with cardiac ablation, his journey with AFib highlights the role of medical technology in sports cardiology, says GlobalData, a […]
GlobalData forecasts global metastatic cancer treatment market to grow at 7.3% during 2019-2027
The global metastatic cancer treatment market size is set to grow at a compound annual growth rate of 7.3% from $63.03 billion in 2019 to $111.16 billion in 2027. This growth is fuelled by several key factors such as innovative therapies like molecular targeted therapy and immunotherapy, along with combination regimens, which are transforming the […]
Australia PET imaging agents market to grow at 2% CAGR through 2033, forecasts GlobalData
Prostate cancer is one of the most diagnosed cancers in Australia, making effective diagnostic tools and agents crucial for better patient outcomes. Positron emission tomography (PET) imaging agents, especially those targeting prostate-specific membrane antigen (PSMA), offer a powerful way to detect and monitor prostate cancer at a molecular level. Against this background, the Australian PET […]
Rechargeable sacral nerve stimulators market in Australia to grow at 3% CAGR through 2033, forecasts GlobalData
Driven by aging population, increasing incidence of neurological disorders, and growing number of cases with urinary incontinence, the rechargeable sacral nerve stimulators (SNS) market in Australia is expected to grow at a compound annual growth rate (CAGR) of 3% through 2033, forecasts GlobalData, a leading data, and analytics company. GlobalData’s report, “Neuromodulation Devices Market Size […]
Global partnerships to foster Singapore Project RESET against cardiovascular diseases, says GlobalData
Given the rising prevalence of cardiovascular diseases (CVDs) among Singapore’s aging population, the National University of Singapore (NUS) Medicine has taken proactive steps with initiatives such as MOMENTUM-CVD and Project RESET to develop preventive measures. International collaborations are expected to strengthen these efforts, considerably advancing cardiovascular research in the country, says GlobalData, a leading data […]
MiniMed recall could erode patient trust in Medtronic’s diabetes care offerings, says GlobalData
Medtronic has recently announced an FDA class I recall of its MiniMed insulin pump system. A defect relating to battery life and pumps being dropped or hit was identified by Medtronic, leading to a recall of approximately 785,000 devices. The company has already reported 181 adverse events because of the defect. This announcement comes during […]
India coronary stent market set for 4% CAGR growth during 2024-2033, forecasts GlobalData
As coronary artery disease (CAD) cases continue to rise in India, the demand for advanced treatment options such as drug-eluting stents (DES) is gaining momentum. Against this backdrop, India coronary drug eluting stent market is expected to grow at a compound annual growth rate (CAGR) of 4% from 2024 to 2033, forecasts GlobalData, a leading […]
PEEK interbody devices set to lead spinal fusion market, says GlobalData
Innovation in the global spinal fusion market is driven largely by advancements in navigation and imaging technologies. These innovations have enhanced surgeons’ abilities to accurately identify the source of back pain and to visualize the surgical area during a procedure, improving the precision of spinal fusion operations. Currently, pedicle screw systems hold the largest share […]
Adaptive deep brain stimulation holds potential to transform Parkinson’s disease treatment, says GlobalData
Two recent UC San Francisco studies have shown that adaptive deep brain stimulation (aDBS) offers personalized, 24/7 care for Parkinson’s disease through an implanted device. Unlike regular DBS, which delivers constant pulses, aDBS uses AI to monitor brain activity and adjust treatment based on symptom fluctuations. This marks a major advancement in the management of […]
Innovative AI partnerships redefine healthcare delivery, says GlobalData
As artificial intelligence (AI) continues to progress, it is increasingly becoming a key element of modern healthcare systems, enabling clinicians to offer more personalized care while alleviating the pressure on overworked healthcare staff. Recent collaborations and initiatives in the industry showcase how AI is being integrated into both clinical and administrative processes. From enhancing bedside […]
Australia digital health market to grow at 8% CAGR through 2033, forecasts GlobalData
Australia’s healthcare sector is facing rising demand for digital health solutions, driven by an aging population burdened with an array of chronic and mental health disorders. This surge in healthcare needs has made digital platforms, such as telehealth and remote monitoring, essential to provide more efficient and accessible care for improved overall patient outcomes. Against […]
PCR systems market in Japan to grow at 5% CAGR through 2033, forecasts GlobalData
Antimicrobial resistance (AMR) is a serious health problem globally, including in Japan, imposing a severe clinical and economic burden on both patients and the society. Polymerase chain reaction (PCR) systems, which offer great sensitivity and specificity in detecting resistance genes and infections across a variety of settings, have become indispensable instruments in the fight against […]
India orthopedic devices market to grow at 5% CAGR through 2033, forecasts GlobalData
India faces a significant burden from increasing cases of orthopedic disorders due to an aging population, rising obesity rates, and high incidences of road accidents. This combination significantly elevates the demand for orthopedic devices, with joint replacements being particularly in demand. Against this backdrop, India’s orthopedic devices market is set to grow at a compound […]